Ensign Peak Advisors Inc Decreases Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Ensign Peak Advisors Inc lessened its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 7.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 894,020 shares of the company’s stock after selling 71,381 shares during the period. Ensign Peak Advisors Inc owned about 0.48% of WillScot Mobile Mini worth $29,905,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC boosted its holdings in WillScot Mobile Mini by 770.3% in the 3rd quarter. Barclays PLC now owns 353,485 shares of the company’s stock worth $13,292,000 after acquiring an additional 312,867 shares during the period. Tidal Investments LLC lifted its position in shares of WillScot Mobile Mini by 44.6% during the third quarter. Tidal Investments LLC now owns 11,975 shares of the company’s stock worth $450,000 after purchasing an additional 3,692 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of WillScot Mobile Mini by 3.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 83,500 shares of the company’s stock valued at $2,793,000 after purchasing an additional 2,597 shares during the period. Reinhart Partners LLC. grew its holdings in WillScot Mobile Mini by 2.6% during the 4th quarter. Reinhart Partners LLC. now owns 289,010 shares of the company’s stock valued at $9,667,000 after purchasing an additional 7,425 shares in the last quarter. Finally, Rockingstone Advisors LLC increased its stake in WillScot Mobile Mini by 7.5% during the 4th quarter. Rockingstone Advisors LLC now owns 29,515 shares of the company’s stock worth $987,000 after buying an additional 2,070 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.

Insider Activity

In other news, COO Timothy D. Boswell bought 5,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $29.14 per share, for a total transaction of $145,700.00. Following the transaction, the chief operating officer now owns 34,156 shares in the company, valued at approximately $995,305.84. This trade represents a 17.15 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Erik Olsson sold 110,307 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the completion of the sale, the director now owns 626,306 shares in the company, valued at $18,908,178.14. The trade was a 14.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WSC. Barclays lowered their target price on WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, April 4th. Morgan Stanley lowered their price objective on WillScot Mobile Mini from $50.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Oppenheimer cut their target price on WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating on the stock in a research report on Monday, March 10th. Finally, Robert W. Baird decreased their price target on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.50.

WillScot Mobile Mini Stock Performance

WSC stock opened at $26.93 on Friday. The stock’s 50 day simple moving average is $26.80 and its 200 day simple moving average is $33.00. WillScot Mobile Mini Holdings Corp. has a 12-month low of $21.91 and a 12-month high of $43.80. The firm has a market cap of $4.94 billion, a P/E ratio of 179.55, a P/E/G ratio of 2.18 and a beta of 1.28. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC) last issued its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The business had revenue of $559.55 million for the quarter, compared to analyst estimates of $555.51 million. During the same period last year, the company posted $0.29 earnings per share. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Wednesday, June 4th. WillScot Mobile Mini’s dividend payout ratio (DPR) is presently 311.11%.

About WillScot Mobile Mini

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.